Refer to the diagram. A surplus of 160 units would be encountered if the price was:
A. $1.10, that is, $1.60 minus $.50.
B. $1.60.
C. $1.00.
D. $0.50.
B. $1.60.
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When you see an advertisement on TV for a hair care product in which the actor using the product is depicted as beautiful and happy, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.
A specific type of loan that is used to buy real estate:
a. mutual fund b. mortgage c. millage note d. deed bond
Which of the following will NOT happen when the Federal Reserve buys bonds from the public in the open market and cash in the hands of the public does not change?
A. The required reserve ratio will increase. B. The money supply will increase. C. The deposits of commercial banks will increase. D. Commercial bank reserves will increase.
In oligopoly, the actions of one firm have a perceptible effect on the other firms.
Answer the following statement true (T) or false (F)